Mirage will let out units at Pavillions
THE $62 million Pavillions on 1770 development at Agnes Water will join two other Queensland resorts to carry the elite Mirage name.
CKG Properties director and former Olympian Grant Kenny said the agreement with publicly-listed MFS Limited was a vote of confidence in the future of tourism in Agnes Water/1770 and the standard of resort that CKG would deliver.
"It is a watershed moment for Pavillions on 1770 which will now be part of an exclusive group which includes the Sheraton Mirage resorts on the Gold Coast and at Port Douglas,' Mr Kenny said.
CKG Properties this week announced it had entered an unconditional contract for the $1.7 million purchase of the management letting rights of the Pavillions on 1770 resort.
'Our owners who elect to add their apartment to the letting pool will be able to take advantage of the Mirage name to ensure their investment continues to grow well into the future.'
Nestled in a prime beachfront location, Pavillions on 1770 consists of 78 upmarket apartments designed to provide an exclusive beachfront lifestyle amid the unspoilt natural beauty of Queensland's most northerly surf beach.
The first of the units are scheduled for completion later this year with the remainder on track to be settled in mid-2006.